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Franklin Templeton

Franklin Resources Inc.

United States

Financial Assets

Fixed Income

Money Market Funds

Overview

Issuer DescriptionFranklin Templeton, founded in 1947, is a prominent global investment manager headquartered in San Mateo, California. Operating in over 30 countries, the firm offers a wide array of investment solutions, including mutual funds, retirement planning, and wealth management. Known for its expertise across multiple asset classes - such as equities, fixed income, and alternatives - Franklin Templeton applies a research-driven, long-term investment approach. The firm integrates environmental, social, and governance (ESG) factors into its processes, reflecting a commitment to responsible investing and active corporate engagement. Franklin Templeton’s strategic focus on innovation, client-centric solutions, and ESG integration reinforces its standing as a reputable player in global wealth management and advisory services. Franklin Templeton's tokenization strategy, launched in 2021 with the debut of the Benji Token (FOBXX) on the Stellar and Ethereum blockchains, focuses on enhancing fund accessibility, transparency, and liquidity. Representing a share of the $420 million Franklin OnChain U.S. Government Money Fund - the first U.S.-registered mutual fund on a public blockchain - the Benji Token allows investors to access fractionalized ownership through the Benji Investments app, where they can convert USDC and transfer shares peer-to-peer. Over time, the token expanded via additional launches on the Aptos and Avalanche networks, aligning with Franklin Templeton's broader vision of integrating digital assets into traditional finance.

Personnel5001-10000

Year of Incorporation1947

Development StageMaturity Stage

Legal TypeRegular Corporation

Website

https://www.franklintempleton.com/

White Paper-

Terms & Conditions

https://www.ftinstitutional.com/terms-of-use

https://www.ftinstitutional.com/privacy-policy

Blockchain Ecosystems

FTDigitalAssets@franklintempleton.com

Phone+1-800-29-59-11

Legality & Financial Audit

Legal EntityFranklin Resources Inc.

Registration Number13-2670991

Issuer IndustryInvestment & Asset Management

LEIRIFQSET379FOGTEFKS80

Audit

Yes

Finances AuditorPwC

Finances Audit Date2023-11-13

Additional CommentPricewaterhouseCoopers LLP, in its audit opinion on Franklin Resources, Inc.'s 2023 annual report, affirmed that the company's consolidated financial statements fairly represent its financial position as of September 30, 2023, and 2022. Additionally, the auditor confirmed that Franklin Resources, Inc. maintained effective internal control over financial reporting as of September 30, 2023. The audit, conducted in accordance with PCAOB standards, provided reasonable assurance that the financial statements are free from material misstatements, whether due to fraud or error (https://www.franklintempleton.com/tools-and-resources/lit-preview/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund#annual-report).

Regulatory Compliance

National Regulation

Yes

Asset Regulation

Yes

Token Regulation

Yes

Additional CommentFranklin Templeton Trust (Trust) is registered under the Investment Company Act of 1940 as an open-end management investment company, consisting of one series – the Franklin OnChain U.S. Government Money Fund.

Additional CommentThe Fund intends to be a “Government money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the Investment Company Act of 1940 and is registered with the U.S. Securities and Exchange Commission (SEC).

Additional CommentThe Benji Token represents tokenized shares of the Franklin OnChain U.S. Government Money Fund, which is regulated as an open-end management investment company under the Investment Company Act of 1940. While the underlying fund is governed by SEC regulations, including Rule 2a-7, which applies to government money market funds, the token itself is not directly regulated by the SEC. Instead, the Benji Token is classified as a security and must comply with existing U.S. securities laws.

KYC/AML Information

KYC/AML Process

Yes

KYC/AML ProviderIn-house Service

Additional CommentBefore account activation, the Fund will gather specific information in compliance with its Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies and procedures.

Risk Metrics

Ongoing Monitoring And Risk Management

Transparency And Reporting

Disaster Recovery And Business Continuity

Continuous Management Training (Procedure Descriptions)

Additional Comment-

Location

Primary Location

CountryUSA

Stage / RegionCalifornia

Postal Code94403

CitySan Mateo